VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 3, 2014) - LX Ventures Inc. (TSX VENTURE:LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to see that American pop singer and songwriter Austin Mahone is using the Mobio platform. At just 17 years old, Austin is making his mark. Kicking off the year with an MTV VMA win for "Artist to Watch" and MTV EMA awards for "Best Push Artist" and "Artist on the Rise," Mahone, on the heels of these massive wins, recently launched new single "Mmm Yeah" featuring Pitbull to a huge chart debut on iTunes. The teen sensation has a solid and loyal fan base that includes over 5.1 million Twitter followers, 3.1 million Instagram followers, and 7 million Facebook Likes.

Mobio INsider reduces the noise and extracts truly engaging fan requests that will yield the greatest positive sentiments. Mobio INsider allows fans to have a say in the content creation process and to effectively influence what Artist's will post on the platform.

Mark Binns, CEO of Mobio, said, "A global and rising star like Austin is perfect for Mobio. His social engagement is staggering. He has as many active fans online as any celebrity on the planet and Austin decided to use Mobio to better engage with them. We're really excited to see him using it."

Mobio's flagship product, Mobio INsider, is a free fan directed content platform that rewards fans with exclusive content from the stars they love. Using state-of-the-art proprietary technology, the star responds to fan requests for unique, specific content through a highly engaging social experience, while enhancing the star's social media following and boosting awareness of brand partners. To learn more, please visit www.mobioinsider.com.

About LX Ventures

LX Ventures is a publicly traded technology accelerator that acquires, integrates and accelerates high growth technology companies. We are vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn our portfolio companies into industry leading organizations, one by one. We are in the business of building businesses. For further information about LX Ventures, please visit: www.lxventures.com.

ON BEHALF OF THE BOARD

LX VENTURES INC.

Mike Edwards, CEO

CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.

Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.